XRP jumps 13 percent to $1.28 as software rebrands

The core software powering the XRP Ledger blockchain has undergone a significant technical update, including a rebranding of its main program from “ripple daemon” to “xrpl daemon.” According to the XRPL Foundation, this move aims to provide a clear distinction between the publicly accessible, independent XRP Ledger network and Ripple, the for-profit company often associated with it.

Network and company boundaries clarified

The foundation noted that users have long confused XRP, the open-source XRP Ledger, and Ripple’s commercial activities. By removing references to Ripple in technical documentation and code, the update targets this ambiguity, helping differentiate between network infrastructure and the company. The XRP Ledger is widely recognized as an open-source blockchain supporting XRP transactions.

Mini glossary: A daemon refers to a system program that runs continuously in the background on a server, handling core network functions. Such software operates independently of user interaction, keeping transactions and communications running smoothly.

This adjustment could also play an important role in debates over decentralization. Experts suggest that removing company names from the code may strengthen arguments before regulators and courts—such as the U.S. Securities and Exchange Commission—that the XRP Ledger is a truly public network, separate from any single company’s control.

Update brings performance gains

Beyond rebranding, the technical update delivered tangible performance improvements. Memory consumption by the software reportedly dropped between 30 and 40 percent. This boost is expected to enhance system speed and efficiency moving forward.

Reducing the code’s complexity may also influence outside developers. With the network now more visibly independent from Ripple, third-party contributors might feel more motivated to participate and build on the platform.

XRP surges as large holders accumulate

This wave of technical upgrades coincided with a strong rally in XRP price. Over the past 24 hours, XRP soared 13 percent to reach $1.28, returning to levels not seen in several weeks. Analysts at Santiment linked this rebound to optimism fueled by news of a possible resolution to Middle East conflicts, which appeared to increase risk appetite for digital assets.

Major investors appeared to seize the recent price dip as a buying opportunity. Wallets holding at least 1 million XRP now control 74.1 percent of all circulating tokens. Over the past six months alone, these large holders accrued an additional 1.53 billion XRP.

Ripple’s business moves draw attention

Market optimism is not driven solely by technical improvements on the network. Observers highlight Ripple’s continued expansion of cross-border payment corridors and growing presence in projects to tokenize real-world assets as other positive factors. Nevertheless, it appears that efforts to reinforce the distinction between the network and the company play only a partial role in influencing current XRP price dynamics.

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